The Bloomberg Power Player Summit, presented by Invesco QQ, Invesco Distributors, Inc. comes to New York on Thursday, September 5th during the U.S. Open tennis championships.

Join us and share the court with industry leaders

as we identify the next wave of disruption

that could hit the multi-billion dollar global sports industry.

Register now at Bloomberg Live.com slash power players. That's Bloomberg Live. dot com slash Power Players.

That's Bloomberg Live.

com slash Power Players. From the heart of where innovation, money and power collie in Silicon Valley and beyond,

this is Bloomberg Technology with Caroline Hyde and Edla Lo Loa. Live from New York and San Francisco, this is Bloomberg Technology.

Coming up, Intel's working on a Plan B.

The Bloomberg exclusive on bankers eyeing a potential sale of the Foundry Division and more cost cuts.

And Elon Musk's battle with Brazil deepens threatening Social Platform X and SpaceX's Starlink business.

We have the details.

And tech fights to end the week strong as NVIDIA Clause back and Del's earnings add to

some AI belief. We have a key CIO on the show, but first let's just dwell on these

markets for a moment. We end the month as we started it on the downside. We had a brutal

sell-off to start August and today we are down 1.5% if you look at the last five trading days

We're trying to make some power higher on this Friday and we have certain names to thank for that but more broadly this has been a week we were

fixated on one name and one name alone it was in video and it just didn't

live up to some of the hype but Ed what are you watching on the micro data today?

Yeah you can never quite guess the news flow. Intel is up at this

point the most since October of 2023 at one point in the session the most since

October or late late 2022.

...